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20130119
20130119
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Search Results 0 to 45 of about 46 (some duplicates have been removed)
that they were going to postpone for three months, that they would raise the debt ceiling both on it next week. i think th president understood that he came out of the initial round strengthened and the republicans came out weakened. right now, the republican party is in as bad shape politically as i can ever remember it being. the republican party which was favorable in public opinion just as recently as two years ago is now minus 23% unfavourable. john boehner, who was favorable has dropped to the point where he is 19% unfavourable in public opinion polls. it is the lowest ever recorded in the history of "the wall street journal," nbc poll so they had to get out of this. they couldn't face this fight again. in the sense of people is that if it did lead to the government defaulting on its obligations and social security checks not going out, checks not going out to personnel, the republicans would be blamed again. so i think the president understood the advantage he had. and he played it. >> and the republicans understood their own situation in today's actions. >> the professionals did, john boe
will vote next week on lifting the debt ceiling. majority leader eric cantor said today republicans want an interim measure to provide about three more months of borrowing authority. the bill would not mandate immediate spending cuts, as house speaker john boehner earlier promised. instead, it would force congress to pass a budget or go without being paid. the government could reach the current debt ceiling by mid-february. ray nagin, the mayor of new orleans during hurricane katrina, has been indicted on charges for corruption. a federal grand jury accused him today of bribery, wire fraud, and money laundering while in office. nagin was the city's mayor from 2002 until 2010. two former new orleans officials and two businessmen have already pleaded guilty in the case. u.s. attorney general eric holder today defended president obama's moves to curb gun violence. the president signed 23 executive orders this week, calling for such things as more research into gun violence. today, in washington, holder told the u.s. conference of mayors that there's no question the orders are legal. >> now
of their fight for the next couple of weeks which is you use this debt ceiling vote to gain some leverage because when you're in the minority, you've got nothing but threat. to use this dead ceiling fight wlosht we're going to pay our bills as a way to have spending cuts. the republican house are backing away from that saying, fine, we're going to extend this debt ceiling. we're going to pass something for a short period of time but in the interim we better get sot cuts. >> you're talking about what the house republicans put out today. isn't -- i hate to use the term -- kicking the can down the road. isn't this just taking us back to where we were before, delaying the inevitable? >> yes, but it's not just about the debt ceiling. this is one of the reasons the inauguration comes at such a dreary times. we just had this boring fight. >> i thought it was exciting . >> that's not exciting lemplet -- that's not exciting. >> he clearly has a different idea of exciting. >> there was a fight about the sequester and the regular roll budget. the debt ceiling is one where real ugly consequences were likely
a bill next week to raise the debt limit ceiling for three months, the bill does not ask for spending cuts but could prevent a major fight with the white house. it does put the senate in an awkward position, by asking them to vote in three months when the debt ceiling has to be raised again. the white house said to be encouraged but a provision calls for cutting pay for the chamber that does not passes the budget. some democrats not happy. and house minority speaker nancy pelosi saying it's a gimmick, unworthy of the challenges we face and the debate we should be having. the message from the american people is clear, no games no default. for more on this, i would like to bring kristin. what is the white house saying about the issue? >> reporter: craig, they are saying that they are encouraged by the fact that house speaker, john boehner, is putting forward a proposal that increases the debt limit without an equal amount of spending cuts. that was his long-held position a and he is abandoning that position, and saying that he will increase the debt ceiling for a period of three months
the debt ceiling for three months until april 15. but there's a catch: they say within that time the senate and the house must pass budgets outlining their spending priorities for the year. now, that may not sound very difficult, but as republicans like to point out, senate democrats haven't passed a budget since 2009 and republicans say if they don't do so by april 15 then all members of congress should stop getting paid. >> pelley: but, nancy, why would the republicans abandon their demand for dollar-for-dollar spending cuts in exchange for raising the limit? >> well, in part they were worried about getting the blame if there was a default. this way they shift the burden to senate democrats to come up with a budget and they can still call for more spending cuts in three months when this comes up again. in the meantime, everyone gets a bit of breathing room which is why the white house may not have shot down the plan today-- even though they, of course, prefer a long-term extension of the debt ceiling, not just three months. >> pelley: nancy, thanks. president obama is about to begin his s
, quote, next week we will authorize a three-month temporary debt ceiling increase. that was the announcement from the majority leader of the house republicans announcing they are giving up on what they had been saying for months was their plan, to not approve an increase in the debt ceiling to thereby push the country again into a self-imposed economic crisis and threat of defaulting on our national debt and all the panic we know that causes because they did it before in 2011. and eric cantore announced today they are not going to do that again even though they had been saying for months that they would. they gave up today on that threat. that's why the vix panic index stopped panicking today. that's the nice kickoff for what should be a nice weekend for the president. >>> new second term official portrait. to refresh your memory, this is the first term one. same flag pin, similar blue tie, i guess. lots more gray up top. i don't know why they decided to go from the close cropped i.d. photo look from the first term to the i'm standing here in my office and i'm happ
an inauguration gift for president obama. they're offering up a compromise on the debt ceiling: a three month increase in the federal borrowing limit. it's expected to come to the house floor next week, but it comes with strings attached. the proposal includes a condition that house and senate lawmakers pass a budget blueprint for the coming year or go without pay. house majority leader eric cantor said it's simple. congress shouldn't be paid for failing to do its job. >> tom: next week 80 companies are scheduled to turn in their latest quarterly financial report cards. but rather than the short-term focus on the bottom line, our next guest thinks businesses need to consider all stakeholders, not just shareholders. john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because
's debt ceiling. top republicans say they will now vote next week to raise the government's borrowing limit for another three months, without demanding immediate spending cuts. they are hoping the move will get democrats involved in the deficit reduction debate by passing a budget by april. >>> and former new orleans mayor, ray nagin, who promised to crack down on corruption, has been indicted on corruption charges. nagin is facing 21 counts, including wire fraud, aun money laundering. mark greenblatt has this story. >> reporter: indicted for construction. the one-time former rock star mayor of new orleans, stands accused of what he campaigned against. >> this state and this city, is saying to the old-line politic toes, we're tired of the games. >> reporter: it's a striking fall from grace for ray nagin, as the justice department indicts him for awarding lucrative contracts and kickbacks in vacation hot spots. he's accused of pocketing more than $200,000 in describes. and the indictment even charges nagin for trying to pocket cash for himself, as the city struggled to recover from hur
, in williamsburg, virginia, today, house republicans have agreed to take up the plan next week to extend the debt ceiling with some conditions. i think that's boring and uninspiring. let's go to the source of this cnbc contributor robert costa. . . i think it's boring, boring, boring. you tell why this is a great. are not attached to this proposal. very three months. let me say this, from all my reporting down there in eastern virginia default on the debt. so what they're trying to do is just punt on the debt ceiling and focus the spending cut fight on the upcoming continuing resolution to fund the government. >> i didn't hear any focus on spending cuts. and i didn't hear any focus on the sequester. and i'm looking at rasmussen polls that show me that the public wants across-the-board spending cuts. and you and i both know the republican base is hungry for that after getting hosed in that high tax bill. >> i think you're a bit off, larry, respectfully in that republicans i think want to have these spending cuts. but they're picking a strategic battle. and you could be right in saying they're pick
this week, gary b smith, jonas max ferris and along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18 times, george bush raised it 7 times, bill clinton raised it 8 times. so, you know, both sides do it so it must be okay, and from the perspective of fair and balanced, it has to stop no matter who is president. we go through the same cycle, we raise the debt limit, spend more,en go out and borrow more, and raise the debt limit again and it looks like it's unstoppable, but this is the check and balance of how to govern our society. we can't afford the bills we have now to pay. someone has to say, no, spend what you have and let's move on. >> brenda: you know, it doesn't really mean anything. why not get rid of it. it's been used for political hay, both parties have made political hay out of it. >> that's right, every 18 months we're going through an economic crisis and here we have another one brewing regarding the debt c
the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republicans are trying to force it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path and i would think all the american pub
positively to signs that the debt ceiling debate could be pushed back a bit. trading resumes on tuesday after the martin luther king jr. holiday. >>> let's turn to the inauguration now. former president bush 41 and 43 were, of course, invited, but they won't be there this time. the elder bush is recovering from a month-long hospital stay after being treated for bronchitis. you remember that. a spokesperson for bush 43 says the former president and his wife, laura, wish the obamas, quote, all the best for a wonderful inaugural weekend. both former presidents attended the first inauguration. >>> just in time for the inauguration, the white house has released the new official photo of president obama. it shows him smiling with his arms folded, standing in front of his desk at the oval office. the president has, as you notice, a lot more grey than he did four years ago. and speaking of hair -- i've never actually said that, "speaking of hair," -- first lady michelle obama has a new 'do. instead of the usual part on the side, she has bangs. mrs. obama debuted the look on her 49th birthday and we'l
-month extension to the nation's debt ceiling but would not agree to a long term increase until both chambers approve a budget. the president said this week he would not negotiate with congress when it comes to pay are for spending congress has already approve -- comes to paying for spending congress has already approved. >>> san mateo county is planning a gun buyback next weekend saturday, january 26th from 10 a.m. to 2 p.m. at the county event center. organizers say they're offering $100 per handgun, shotgun and rifle and $200 for assault weapons. congresswoman jackie spear is funding the buy back, no word how much money is available. remember, a buyback event in marin county was so popular officials actually ran out of cash. >>> u.s. officials now say one american worker has been found dead in that algerian natural gas complex that was seized by terrorists. the hostage standoff at the british petroleum facility is in its third day, but it's unclear how many people have died since the algerian government launched a counter attack and how many escaped. reuters reports more than 20 people are
to be on track to avoid another standoff on the nation's debt ceiling. at least for now. top republicans backed down from their hard line stance and say they will vote next week to raise the government's borrowing limit for another three months, without demanding immediate spending cuts. they are hoping the move will force senate democrats to get involved in the deficit reduction debate by passing a budget by april. >>> and former new orleans mayor, ray nagin, who promised to crack down on corruption, has been indicted on corruption charges. nagin is facing 21 counts, including wire fraud, bribery and money laundering. abc's mark greenblatt has this story. >> reporter: indicted for corruption. the one-time former rock star mayor of new orleans, stands caused of becoming exactly what he campaigned against. >> this state and this city, is saying to the old-line politicos we're tired of the games. we're tired of the corruption. and we want to go in a new direction. >> reporter: it's a striking fall from grace for ray nagin, as the justice department now charges him with awarding lucrative city con
are two very powerful mechanisms. gerri: you don't in addition of the purse strings on the debt ceiling to use that at the a lever and give the president to stop spending? >> i didn't say that the man at the day. they just moved it back. gerri: what do you think? should they use the debt ceiling? >> ultimately, short. two tools that are very real and very powerful coming up. obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate has not done and to force them to act but that. gerri: you sure can't act -- argue with that. the senate has not pas
where to find your number at drscholls.com. >>. >> heather: the debt ceiling credited in washington is expected to come to a head in the coming weeks as the u.s. edges closer toward did he faulting on its debt. many fear because of this social security could be on the chopping block and that would leave about 55 million recipients with less money for living expenses, joining us is gary is a fox news contributor. thank you for joining us. we're talking about 55 million social security recipients. is it at risk? >> let me put their fears to rest. not one dime is going to be missed. these politicians love their power and one mistake they would make is one dime come out of those checks. keep in mind, our government takes in $200 billion a month. social security is one-quarter of that. medicare and medicaid is quarter of that. there is plenty of money coming in regardless of what happened to the debt ceiling. >> many recipients rely on their monthly checks to make ends meet and economy benefits from them spending money. there would be a trickle down effect and the treasury department wou
: republicans offering a three-month extension on the debt ceiling limit. a vote scheduled or at least announced for next week. we're getting your thoughts on the idea of a holdup of the debt limit extension. talks about the budget. talks about spending. as you've heard about this morning. you can join us for the remaining 15 minutes so we have our caller on the republican line. caller: the guy from florida is wrong the democrats control the senate and they are controlled and even the democrats wouldn't vote for a budget but what should be more important for c-span although the same company that owns nbc owns c-span so you're always carrying the water for the democrats. talk about what the g.o.p. said about the dire consequences of our future and how in 10 years we will have spent $11 trillion on well fare. there's only two entitlements, social security and medicare. that means you paid into it and you're entitled to it and everything else is well fare and the country is going to be destroyed by this company who spends, spends, spends and steve, the big democrat, the little celebration he and hi
hand on the debt ceiling limit. and that is a fight that they lost, we saw the nbc/"wall street journal" poll this past week. showed house republicans so horribly damaged. 24% approval rating. only 6% of the people in that poll had a very positive view of the house gop. so they have looked back to see how that fight went with them. in the past, they lost it and they damaged themselves in the process. now they spent the last week convincing their members, do something else. let's change our tactics. we're going to see more fights in the future but it won't be about the debt limit. >> david, i'm curious about the reaction from the white house to this. was it completely inexpected? what are you hearing? >> the white house had an interesting reaction. number one, they're happy obviously that this is temporarily, at least for a few more months, not going to be an issue, not going to be a big crisis at the end of february. that's number one. number two, they see it that they stare down the gop in this case and won. the president continued to say he was not going to negotiate over the debt lim
. this is something that needs to be prioritized. of course the whole issue of sequestration and raising the debt ceiling limit, getting the budget under control, are probably our highest priority at this point in time. we should be meeting four and five days a week in committee doing the job that we were elected to do and the republican leadership has not set a schedule that we can do that. the whole gun control issue has been on the front pages now for decades and the democrats, republicans, none of us have really done anything about it. so i think the president is spot on. he is right where the american people are. people in this country want to see a ban on assault weapons. they want to see a ban on these high capacity magazines. they want to see background checks. they want to see better mental health care services. and that is where we need to go and where the country wants us to go. >> we should be able to chew gum and walk at the same time. i believe the country is crying out for us to take action on making life safer in this country and reducing gun violence. i would like to see us prior
Search Results 0 to 45 of about 46 (some duplicates have been removed)